Tech giants Qualcomm, Netgear, Ericsson and Australian network provider Telstra are working on a new wireless technology that can theoretically support speed of up to 1Gbps. The technology is simply called Gigabit LTE and the companies involved in developing it are hoping to roll it out before the end of the year.

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Telstra said to achieve such breakneck speed, they have used a variety of technologies, including carrier aggregation. The technology also runs on Telstra's existing LTE networks.

In addition to the Gigabit LTE mobile hotspot from Telstra, Qualcomm is also launching its next-generation 800 series smartphone processor platform. This nwill include the X16 modem that has the capability of supporting gigabit LTE speed.

Qualcomm said this new 800 series chipsets still have no officially name, although the company confirmed that it is slated to be the successor for the recently launched Snapdragon 821. Qualcomm added that the new chipsets will be rolling out by the first half of 2017.

According to The Verge, Qualcomm's X16 modem offers speed boosts of up to 600Mbps compared to the current X12 platform. Qualcomm expects that major carriers around the world will start launching their own gigabit LTE services once the company's chipsets and modems are made available to smartphones.

Furthermore, Qualcomm is also looking forward to launch its first 5G compatible modems by 2018. It is even projecting that its X50 chipset, which supports speed of up to 5Gbps, will be available by 2018.

Tags5G, telstra, gigabit mobile LTE, LTE, mobile network